For Sale · Office

STUDIO 10 - 258 WALLACE AVENUE, Toronto (Dovercourt-Wallace Emerson-Junction)

STUDIO 10 - 258 WALLACE AVENUE, Toronto (Dovercourt-Wallace Emerson-Junction), ON M6P3M9

Price on request

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Asset Class

Office

Size

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Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

92%

About this property

A private 44 sq ft dressing room at 258 Wallace Ave, a character employment building in the Junction Triangle that has long housed photographers, film and production crews, and creative professionals. Unit 10 measures approximately 6'10" x 6'6" and comes with a built-in vanity counter, mirror and vanity lighting, a ready-made room for a makeup artist, hair stylist, lash or brow technician, stylist, or a production company that needs a dedicated wardrobe and makeup space, and it works equally well as a lockable equipment room. One flat gross monthly rent with no additional rent, flexible 12 to 60 month terms, 24 hour access, common washrooms, and a common freight elevator. E2 employment zoning permits artist, production and performing arts studios, offices, service shops and software development. A short walk to Lansdowne Station on Line 2, with Dundas West Station, Bloor GO and UP Express minutes away. Eight additional rooms are available in the building, from 44 to 131 sq ft, so a growing practice can add space without moving. Vacant and available on 30 days notice. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

120,949

Households

53,909

Median income

$107,500

Median age

35.6

Daytime population

150,115

5-yr growth

1.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for STUDIO 10 - 258 WALLACE AVENUE, Toronto (Dovercourt-Wallace Emerson-Junction).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.